I have a Super CQC-7. It is a great knife, but I prefer these folders for the same price or less:
Spyderco Manix - Tougher than Super CQC-7
Spyderco Military - Great cutter
Benchmade 710 - Doesn't open faster than a Wave, but opens fast, closes with ease, and is a strong lock
Benchmade Skirmish - Big, bold, and beautiful
Al Mar SERE 2000 - Better ergos
The main disadvantages of the Super CQC-7 are the brick-like ergos (which offer low comfort and poor security), chisel grind (some like it, some hate it), and tanto blade shape (some like it, but it is generally far less useful than a more traditional shape).
Again, the Super CQC-7 is a fine knife. And if it is the one you want, get it. It will not let you down. But there are many great sub-$200 folders, and IMO, the Super CQC-7 is not the best.
If you want an Emerson I would suggest the Commander since it is more comfortable and has a more practical blade shape.
Any chance you would consider a fixed blade?